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tv   FBN AM  FOX Business  January 21, 2016 5:00am-6:01am EST

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>> nicole: breaking news this morning, fragile markets struggle. >> lauren: good morning, ended with a 250-point loss. that's it. right now ahead of the opening bell. dow futures down and s&p futures down 10. >> nicole: in asia, stock markets continue to tumble. dow 3.2%. >> lauren: oil prices driving driving the equity markets. that's down two-thirds of 1%. >> nicole: forecast remain on
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target for a major potential crippling snowstorm in mid atlantic and northeast this weekend. we will have the latest on the storm track for you. >> lauren: donald trump continues to lash out at ted cruz's failure to discloses loans. >> nicole: he was not aware of any corruption in the game during his career. all those details coming up. welcome to fbn:am, your first look at what's moving market, latest breaking news and what to expect for the day ahead. >> lauren: big story today fox business weather alert. major snowstorm heading to mid-atlantic and northeast. the national weather service saying the washington, d.c. area could get the worst of it and the storm could dump as much as a foot of snow in the philadelphia area. forecasters also saying that if the storm moves more slowly and
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shifts to the south, areas like new york city could get the heaviest snowfall totals. airlineses including american, delta are already traveling waivers and refunds to cities affected by the upcoming story. >> get ready. price of oil still suffered its worst one-day percentage loss since september. we have gary from kaltbaum. i'm starting to hear a lot of emotion from people. nicole, what should i do? we are down 10%. nicole, do i beau everything now. emotion doesn't have a place in the market, does it? >> gary: if you want to start to
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sell off after 2,000 dow points you're going to get in trouble. i will give you the short-term good news. i know futures reversed overnight and we are down. we are going to get a decent rally, slash bounce. ting german dax is down about 25%. i think russia dropped by 20% in the last few months. so i just think -- >> nicole: so the u.s. is looking good, gary? >> gary: exactly. there's more to go. typically bare markets last six to nine months. the nasdaq will drop 35 and the dow about 25. i just don't think we are at the bottom yet. i expect more and notwithstanding vicious bouncing
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that we are going to get now and then. >> lauren: should we buy into the vicious bouncing and sell again? >> gary: most people won't catch them right. i feel if you take a step back and relax. the good news about bare market is always, 100% of the time end and you will find great leadership and make ton of money, it's just not right now. >> nicole: thank you for joining us and giving us an insight. >> lauren: it's all because of oil prices. fell down 7% yesterday. under prosecution this morning. phil flynn, senior market analyst, joins us on the phone. you know, phil, it was such a wild mark yesterday. everybody is watching the price of oil, but are we waying for this wear shed event to happen, maybe a major oil company to go belly-up or something like that to get over this price for oil?
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>> phil: that could be it. i know the market is waiting for some shoot of a drop. when you consider the fact that we canceled almost $400 billion of energy projects just in the last area, i mean, that's an outstanding number. shows that oil production could fall a million barrels. that's a number that we are not going to see from iran right away. but the thing you lack is confident. we are not seeing confidence in the global market until we see some type of stability in groabl markets, oil is going to have a hard time rallying. >> nicole: what areas need to see the confidence first? we see the selloff, we have a glut of supply. not enough demand. where does the confidence even start? >> phil: i would argue that we have plenty of demand. that's one of the biggest confusions about this market, we
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keep talking about slowdown in demand. that hasn't happened yesterday. it's an anticipation of slowdown in demand. there's been so much man -- manipulation in stock markets. >> lauren: phil flynn, thank you. senior market analysts on price futures group. >> nicole: now to the campaign trail, the war of words as two candidates are in dead heat with iowa. trump slamming the texas senator over undisclosed fund in campaign.
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>> he said he didn't know anything about the fact that he was borrowing the money. he didn't want to voters to see, what he did is absolutely probably legal but certainly wrong. >> nicole: cruz on last night defending himself. >> look to our records. >> nicole: iowa caucuses are less than two weeks away. new hampshire primary coming eight days later. >> lauren: getting exciting. goldman sachs has been criticized during the presidential campaign for giving candidates large sums of money. according to analysis conducted gold mane is on track to be one of the biggest contributors this year. goldman has dished out $407,000
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in bipartisan with money going to marco rubio, jeb bush and hill -- hillary clinton. >> nicole: the republican party would suffer wholesale losses if cruz is the nominee. dole called the texas senator and extremist and questioned allegiance to the party. he says nobody even likes him. donald trump would probably be able to work with congress because he is a deal maker. >> lauren: another republican presidential candidate chris christie on your world with niel cavuto sharing thoughts on rescuing banks.
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federal government should not bail out big financial institutions. >> i think they had their one rescue. they should have learned their lessons from what happened in 2008 and as president i would not be looking to rescue these banks. the fact is we have gone through this once before. it cost the american people hundreds of billions of dollars. >> lauren: vetoed a package in atlantic city, it has failed in five years to get finances in order. >> nicole: jeb bush releasing new ad targeting front runner donald trump. >> with almost all of the vote now we can project that hillary clinton will win. i'm watching hillary clinton receive the victory tonight. they look at donald trump as the greatest gift from heaven, an easy person to beat in the general election and then she will become the next president of the united states.
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>> nicole: analysts say he has been lifting poll numbers -- >> lauren: vladimir putin approved plan to kill former agent. he's certain that the agent was murdered by poison tea. agents became vocal critics of russia's security service and putin himself. >> nicole: let's kick it right here with asia. they took our cue with the down arrows and we are seeing the shanghai composite closed 3 and a quarter percent. hang seng and kospi also with down arrows. >> lauren: in europe, this is how stocks are trading. cac up 17 and the dax up 26.
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remember, we do have an ecb meeting and a press later today. >> nicole: u.s. stock market futures this morning. we are off the lows in the morning. that's good news. dow futures down 81, s&p down 8. >> lauren: oil is $28 and 33 cents and gold is $1,098 an ounce. >> nicole: here is how the u.s. dollar is trading. the euro is stronger against the dollar, right now we are looking at the yen, the yen has been -- >> lauren: absolutely. it did go below 2% yesterday and we will update that quote for you momentarily. >> nicole: former pharmaceutical ceo has a date before congress.
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widely scorn for price gouging. last month the 32-year-old was arrested in new york charged with security, fraud and conspiracy. >> lauren: here is a look at the headlines in today's edition in the wall street journal. here we go. taiwan offer 5.3 billion to take over sharp. then you have gm enters car sharing business. the auto maker is going to compete in the short-term car rental business. they are looking at the future here. red-hot properties as investors retrench. >> nicole: coming up in sports, the new york knicks come from behind to win in overtime and
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tennis legend says he was not aware of any corruption in the game during his career. all the details coming up on that. checking u.s. stock market futures after the dow dropped 250 points yesterday. dow futures down 70. s&p down 7. nasdaq futures down 17. down arrows across the board. you're watching fbn:am, first look at morning markets and breaking news.
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>> nicole: let's get you caught up on the global market action that we have been seeing overnight. in asia shanghai composite closed three and a quarter percent and the kospi down and
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hang seng down more than 2%. >> lauren: these are the markets there. they're in bare market territory. germany, france and the uk. it's nice to see the ftse popping 24 points and the cac popping 24 points and the dax 27. >> nicole: dow is down and nasdaq down 13 and that was after the dow dropped about 250 points yesterday. >> lauren: show me the price of oil because this is what's moving the market. you have a little bit of up arrow. 28.40 is the price of crude right now. >> nicole: we will have the latest from the world of sports. new york knicks went into overtime to beat utah, knicks had a 3-point lead with ten seconds to play but utah tied it with three free throws. the game went into overtime after anthony missed a runner at
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the buzzard. he never had any brush with the kind of corruption that was alleged in recent media reports, bbc published report this is week saying tennis authorities fail today thoroughly nhl investigating match-fixing. the fattest serve ever recorded at 163 miles per hour. >> lauren: that's it. >> nicole: broken in first service games. >> lauren: wow. we have a first in the and a half. full-time female coach. the buffalo bills provoting --
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provoting kathryn smith, smith spent administrative for assistant coaches and spent the past seven years working with rex. >> nicole: coming up donald trump rips senator cruz for not disclosing loans from wall street banks. >> he knew he had it. fighting the banks. >> nicole: we will have the latest from the campaign trail and from science fiction to real life, scientists, they discovered a new planet in our solar system. >> lauren: wow. >> nicole: it's massive. dow futures down 56, s&p futures down 5, europe is trading higher, you -- you're watching fbn:am, first look at morning markets and breaking news. don't change the channel, we will be right here right back.
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♪ ♪
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>> lauren: breaking news this morning, fragile markets struggling regain their footing. goarng, everybody, i'm lauren simonetti. >> nicole: good morning, dow ended with 250 loss. that's a little bit better. u.s. stock market futures bouncing around this morning. much improved as oil came off the lows. right now dow 70's and s&p futures down 7. >> lauren: in china both in bare market territory. >> nicole: let's check out oil
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prices. 28.29. that is down six cents. >> lauren: forecast remain for a storm to the mideast this weekend. >> nicole: on the campaign trail donald trump slams senator cruz. >> lauren: tennis legend says he was not aware of any corruption in the game during his career. those details coming up. west chester to, first look at morning markets, the latest news and what to expect for your thursday ahead. >> nicole: major snowstorm head to go mid-atlantic and northeast. winter watches through effect in sunday in much of the region. national weather service saying the washington, d.c. could get the worst of it. airlines including american,
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united, delta are already offering travel waivers and customers traveling to and from cities affected by the storm. we have fox meteorologist maria molina with the latest on that. >> maria: good morning, great to see you. hello, everybody at home. it's not just a blizzard conditions across the northeast and mid-atlantic, coastal flooding and severe weather apart cross of the coast. we had system producing all kinds of travel troubles across washington, d.c. and only produced an inch of snow out there. it's going to be tough to see what happens with the next upcoming major storm system that's developing across parts of the plains today. we are looking at a threat today and specially into late tonight for some isolated tornadoes so
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please have a way to get the weather warnings throughout the night hours. extensive weather watches and blizzard that are in effect. we did have a new weather watch for new york city area, so you are expect to go see possible blizzard conditions saturday into sunday but the storm is going to get going already as we head into tomorrow. a lot of discussion as to how much snow we are expecting across the mid-atlantic, heavier snow totals, potentially 2 feet but there's a sharp cutoff to where the snowfall is going to be coming across northeast. a lot of debate, we are expecting 6 to 12-inches of know across parts of new york city. then you're looking at very strong winds, gusting potentially over 50 miles per hour, so we are going to see a storm developing here along coastal areas. atlantic city could be one of
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the hard-hit areas with high waters and coastal flood washes out here and beach erosion a big concern as well. >> lauren: it's going to be tough. markets in asia, slid in negative territory. let's get a closer look at the asian markets with reporter tracy yu, reporter for chinese television. good morning, tracy. >> tracy: good morning, ladies, asian market had terrible day. stocks fell across the board. that is despite of pbo's efforts to inject 250 billion u.s. dollars to ease liquidity ahead of chinese new year. market turned south after 28-dollar a barrel again and volatility of hong kong dollar intensifying and the hang sen down about 1.8%. move to go tokyo, japanese stocks can't catch a break.
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there's no money in sight. also ending in red territory as the yuan slipped further from the u.s. dollar. >> lauren: tracy, thank you so much. >> nicole: we are watching for an ecb decision as well in europe but what we are seeing are up arrows in europe. something that's bucking the trend of what we have been seeing. ftse is about half of a percent and the cac quarante is the best of the bunch. >> lauren: dow futures are down. >> nicole: we are seeing correlation between commodity of oil itself. as oil drops, so do u.s. stocks. right now oil right now is down 11 cents at 28.24. gold down 8.60.
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>> lauren: war of words between donald trump and ted cruz are intensifying as they are in dead lock in iowa. trump slammed the texas senator over undisclosed loan during 2012 senate campaign. >> he didn't want the voters to see to borrow money to personal guaranty it from banks. what he did is probably legal but certainly wrong. >> lauren: last night defending himself. >> don't listen to what any of the candidates say in the campaign trail, ignore what i say, look to our records. >> lauren: iowa caucuses are less than two weeks away with the new hampshire primary coming just days away after that. >> nicole: star wars fans may be
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left tweeting. >> nothing can stand in our way. i will finish what you started. >> nicole: force awakens, of course, smashed box office records, disney is delaying next star wars episode. scientists discovered a new planet in the solar system and it's massive. we will have that story. check out u.s. stock market futures, dow futures had been done down 150, right now down 62. s&p futures down just over 5. you're watching fbn:am, first look at morning markets and breaking news. ♪ ♪
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>> disney has moved parts of the sequel. don't be too disappointed, though. star wars fans, the spin-off movie is still due out in december. >> nicole: we are planning the movies in years in advance. sales of merchandise such as life safers, models of the millennium, spacecraft and more than $700 million last year. this is according to npe group. that's more in toy sales all combineed. sales took off when retailers launched ahead of the opening of star wars the force awakens. the first film produced by walt disney. a lot of star wars coming up. >> lauren: donald trump rips senator ted cruz for not disclosing to banks. we will have the latest from the campaign trail and a potentially massive storm bares down on the
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east coast. we will have the latest weather track, checking u.s. stock market futures after a brutal day yesterday, dow futures down 45 points. s&p futures down 3. you're watching fbn:am, first look at morning markets and breaking news. keep it here.
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>> nicole: breaking news this morning, fragile markets struggle to regain their footing. good morning, i'm nicole petallides. >> lauren: good morning, i'm lauren simonetti. after the dow dropped as much as 565 points yesterday, it ended with a 250-point loss. that's it. rough day. u.s. stock market futures have been bouncing around. they were down 150, now they are down 69. nasdaq futures down 18. >> nicole: stock prices continue
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to stumble with japan nikkei falling 2 and a half percent. >> lauren: oil prices still driving equity markets. the latest price of crude this second 28.19 a barrel. >> nicole: forecast remain on target for a major potentially crippling snowstorm to slam the mid-atlantic and northeast this weekend. >> lauren: donald trump continues to lash out at ted cruz's failure to discloses loans from wall street. >> nicole: and in sports, the new york knicks come from behind to win in overtime and tennis legend says he was not aware of any corruption in the game during his career. all the details coming up. welcome to fbn:am, first look at what's moving in market and latest breaking news and what to aexcept on the day ahead. >> lauren: folks getting ready for it as blizzards go into
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effect till sunday. the washington, d.c. area could get the worst of it. delta, american, waivers traveling to and from. maria molina has the latest for us. good morning, maria. >> maria: it's very exciting and scary for some of us across on the northeast because we are looking at dangerous weather over the next couple of days, it's not just in the form of snowfall. we are looking for potential of tornadoes today and the overnight hours in the overnight coast and also louisiana, mississippi and dangerous coastal flooding and floodings aloss delaware. the concern out here is we are going to see onshore winds.
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so we will be watching that very closely. the other concern now is the snowfall and evennizing across the southern areas that are under advisories specially like places like to carolinas. we did have advisories at places like missouri and also into arkansas and blizzard watches in effect in dc, baltimore and also for the new york city area. a lot of debate as how much snow morn areas are going to be seeing, new york and even in boston because of cut off so we can be seen the storm in terms of snow accumulation of places like new york city. that's just to be seen. you're not out of the woods yet. you need to track the storm in the next couple of days. take a look at the snowfall totals that are being forecast. potentially more than 2 feet across the mid atlantic, that's significant for dc and
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baltimore. we could see the storm in the record books. we will keep you updated. >> lauren: exciting and scary at the same time. >> nicole: joe head of trading joins us on the telephone with a preview of today's trading. what are you telling the clients today when people ask me what should i tell them when they say, what's going on with this market? >> yesterday was a really aggressive selling day. today just feels calm. everyone is taking stocks today but i do think the volatilities are going to continue and we are going to see more aggressive downward moves probably led by oil. >> lauren: in the teens. oh, my goodness, how would the u.s. stocks react to that. what would it take for the u.s.
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stock market to join them? >> not much. the ongoing strand, asia is obviously very important, china is definitely slowing down. i think we saw the index, which is and indication of worldwide shipping. it's at its lowest level ever. that's showing a concern on the global economy. we are going to see bare market territory for the u.s. market, however, i do think this is not a beginning of 2008-type recession. i think this could be quite short, it would stop raises and interests and probably higher toward the end of the year but we have downward moves beforehand. >> nicole: wow, we heard a little bit of optimism. we really enjoy that you came on with us. >> lauren: now to the campaign trail. war of words between donald trump and ted cruz intensifying as the two republican candidates are locked in a dead-heat in iowa. trump slammed the texas senator
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over undisclosed loan in 2012 campaign. >> he said he didn't know anything about the fact that he was borrowing the money. he didn't want the vote that he's borrowing money to personally guarantying it from banks, what he did was absolutely probably illegal but it's certainly wrong. >> lauren: senator cruz last night defended himself. >> what i would suggest to voters, don't listen to what any of the candidates say on the campaign trail, rhetoric is cheap, ignore what i say and what donald says, look to our records. >> lauren: iowa caulks are less than two weeks ago and the new hampshire primary is after that. >> with almost all of the vote now actually we can project that hillary clinton will win, i'm watching hillary clinton receive the victory tonight.
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they look at donald trump as the greatest gift from heaven. easy person to beat in the general election and then she become the next president of the united states. >> nicole: the former florida governor has been lifting sag ging poll numbers. >> lauren: british judge saying vladimir putin probably approved a plan by russia's security service to kill former agent alexander litvanenko, was murdered by poison tea at a london hotel back in 2006. the agent fled to britain in 2006. >> nicole: let's get you caught up on the global market action we have been seeing overnight. in asia, red arrows and we closed down. right now we saw the shanghai close down three and a quarter percent. nikkei down two and a half
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percent and the kospi down 1 quarter of 1%. >> lauren: a little bit of relief from the selling in europe. the cac .7%. >> nicole: we had a capital injection into asia. we had a mix bag. right here at home, dow futures down 88. had been down 150. we are seeing s&p down 9 and a half. >> lauren: cheers the price of oil. it's moving the equity markets. that's about a quarter to the downside, gold $1,098 down by $8. >> nicole: we want to tell you that coming up in sports, new york knicks come from behind to win in overtime. tennis legend says he was not aware of any corruption in the game during his career. he was one of my favorite players ever. checking u.s. stock market futures. we have seen a little bit of acceleration. 96 futures, s&p down 10.
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you're watching fbn:am, first look at morning markets and breaking news ♪ ♪ you show up. you stay up. you listen. you laugh. you worry. you do whatever it takes to take care of your family. and when it's time to plan for your family's future, we're here for you. we're legalzoom, and for over 10 years we've helped families just like yours with wills and living trusts. so when you're ready, start with us. doing the right thing has never been easier. legalzoom. legal help is here.
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>> nicole: let's get you caught up in the global market overnight. we are seeing selloff in asia. the ftse is up half a percent much like the dax and cac quarante as we wait decision. our lawyer no >> lauren: no green in the u.s.
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nasdaq down about 24 points. >> nicole: we are seeing correlation, much better than yesterday. >> lauren: all right, let's do some sports. this is the latest. new york knicks went into overtime to beat the utah jazz 118-111 last night. carmelo anthony had nine assists and seven rebounds. utah tied it with three free throws. the game went into overtime after anthony missed a runner at the buzard. eight-time grand slam said in an interview that he never experienced and bbc published reports those week but didn't name any players. college number two north
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carolina 83-68 last night for tenth straight win. johnson had 11 rebounds. north carolina my return to the top of the ranking after oklahoma's loss earlier this week. >> nicole: first in the nfl a full-time female coach, the buffalo bills promoted katherine smith last night to special team's quality control. now, smith spent this season as administrative assistant for the team assistant coaches. she spent the past seven years working with ryan so some good news there for her. >> lauren: coming up we will run down global market action before we hand it over to mornings with maria. stay with us ♪ ♪
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>> nicole: let's take a look at
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global market action. shanghai composite closed 3 and a quarter percent and hang seng down nearly 2% and also you had the china bank capital injection there. european stocks is a different picture as we wait an ecb decision. those stocks are higher. ftse is up about a half of a percent. dax also a winner. right here at home we are off the lows. dow futures had been done 150 and right now 64. s&p just over 6 and as we see direct correlation with oil and u.s. equities. right now we are looking at oil down 22 cents at this moment. mix bag for currencies. the euro stronger against the greenback. and looking at the ten-year bond, still below 10%. that show it is safe haven of the u.s. treasury as money flows. 1.7%. now we start with mornings with maria live in davus, we say good
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morning to you, maria bartiromo. >> maria: hey, there, nicole. hi, everybody, i'm maria bartiromo. we are coming to you live from the world economic to rum in davus, switzerland. with me this morning in new york studio fox business network, dagen mcdowell and cheryl casone, good morning, ladies. good to see you. 6:00 a.m. on the east coast. 12:00 noon in davus. brutal triple-digit route yesterday, we are expected a lower opening in the broader averages in the u.s. after hitting positive territory this morning. volatility rolls on. crude oil back $28 a barrel after settling near a 13-year low yesterday, take a look at oil this morning with a decline of two-thirds of 1% at $28..15 a barrel. in asia nothing but red on the
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board. take a look. the damage continues there with the carnage looking like this. nikkei down 2 and a half percent. hang seng almost 2% and shanghai in china down 3 and a quarter percent. kospi in korea down just a quarter of a percent. checking the markets in europe, stocks move to go positive territory. we are seeing some relief from the massive selling that we have been seeing so far in 2016. ft100, up, breaking news this morning, a british judge ruling that russian leader vladimir putin quote likely approved the murder of the kgb agent back in 2006, the former spy died after ingesting green tea spiked with radioactive palonium, the judge is saying, yes, putin did, in fact, approve the killing. presidential nominee b

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